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, when he joined the obama administration. during his tenure, he invested in a citi fund that was registered in the cayman islands, well known as an offshore tax haven. republicans pressed lew on the issue at his senate confirmation hearing today. >> my benefit was really very small in the sense that i took a loss when i sold the investment. i always reported all income. i always paid any taxes that were due. i very strongly believe that we should have tax policies that make it difficult, if not impossible, to shelter income from taxation. >> sreenivasan: lew is expected to win confirmation in the full senate. that vote could come late this month. the obama administration is now calling for congress to close gaps in the nation's cyber- security. the president signed an executive order on tuesday, increasing government efforts to share information on threat it also urges voluntary efforts by industry. congress has struggled to reach consensus on the issue due to legal and privacy questions. this was a mixed day on wall street, as stocks searched for direction. the dow jone
by rose communications from our studios in new york city, this is charlie rose. >> rose: in less than four days $85 billion in aubling spending cuts will begin to ripple through the u.s. onomy. the impact will be felt across society from education, to medical care to national defense. the sequester deadline imposed in the summer of 2011 was intended to sharpern the government's focus on the fat debt. president obama pushed for a last minute compromise to lessen the economic damage. >> these impacts will not all be felt on day one. but rest assured the uncertainty is already having an effect. companies are preparing layoff notices. families are preparing to cut back on expenses. and the longer these cuts are in place, the bigger the impact will become. >> these cut does not have to happen. congress can turn them off any time with just a little bit of compromise. >> rose: steve rattner has had a distinguished career in journalism, business and government, instrumental in turning around the automobile industry, and currently chairman of advisors and the economic analyst for msnbc's morning jo
that are there. now at schools like p-tech in brooklyn, a collaboration between new york public schools and city university of new york and i.b.m., students will graduate with a high school diploma and an associate's degree in computers or engineering. we need to give every american student opportunities like this. and four years ago... ( applause ) four years ago we started race to the top, the competition that convinced almost every state to develop smarter curricula and higher standards. all for about 1% of what we ve spent on education each year. tonight i'm announcing a new challenge: to redesign america's high schools so they better equip graduates for the demands of a high-tech economy. and we'll reward schools that develop new partnerships with colleges and employers and create classes that focus on science, technology, engineering, and math. the skills today's employers are looking for to fill the jobs that are there right now and will be there in the future. now even with better high schools, most young people will need some higr education. the simple fact that the more education you'v
Search Results 0 to 4 of about 5 (some duplicates have been removed)